I woke up to see Cripple down, and felt kinda happy. This bank-coin should fall a lot as it has nothing to do with crypto currencies. Trying to find out why it has dropped I found nothing, except people complaining Coinmarketcap had dropped Bithumb - in other words, excluded bithumb prices from Coinmarketcap.
People are yelling maniuplation, but as far as I can see - this goes for every coin? If you check Bitcoin, Bithumb is excluded. If you Check Eth, Bithumb is excluded, and so on.
Coinmarketcap has no information on why they've done it. And I'm still trying to figure out why the price is so high on the excluded Bithumb (Butt hump?) exchange.
It's not a small exchange. It currently has 5% of all Eth trading volume, but look at the price of (excluded) Eth. $1800! Bitcoin is at $18000. And for Cripple it's obviously worse, since 40% of all trading is on Bithumb.
Why this huge difference in price? And why have Coinmarketcap excluded Bithumb? I'll get back with more if I figure it out. Do you have any info?